Press release
Bioplastics Packaging Market to Grow at a CAGR of 14.20% during 2022-2027 | Industry Size, Share, Growth, Forecast Report
Covid-19 Impact: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Bioplastics packaging represents renewable packing solutions utilized for protecting, preserving, and transporting a various range of products, such as personal care items, dairy products, carbonated and non-carbonated alcoholic beverages, etc. They are manufactured using bio polyethylene, bio polyamide (PA), bio polyethylene terephthalate (PET), starch blends, polybutylene adipate terephthalate (PBAT), etc.
Bioplastics packaging solutions provide enhanced versatility, durability, and tensile strength and reduce carbon footprint as compared to their traditional counterparts. Consequently, they find extensive applications across numerous sectors, including food and beverages, consumer goods, pharmaceuticals, industrial goods, etc.
Global Bioplastics Packaging Market Trends and Drivers:
The growing demand for sustainable and eco-friendly packaging materials across the globe is primarily driving the bioplastics packaging market. Moreover, the escalating environmental consciousness and the rising need to reduce the footprint of plastic in landfills and oceans are further stimulating market growth.
Additionally, the development of three-dimensional (3D) printed product variants that offer a high reusability rate and are available in aesthetically appealing designs is acting as another significant growth-inducing factor.
Besides this, the elevating demand for rigid and biodegradable packing items for cosmetics, such as lipsticks, compact powders, and foundations, is also positively influencing the global market. Furthermore, the expanding product utilization in the food and beverage industry is expected to stimulate the bioplastics packaging market in the coming years.
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Global Bioplastics Packaging Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
• ALPAGRO Packaging
• Amcor plc
• Arkema S.A.
• BASF SE
• Biome Bioplastics Limited (Biome Technologies plc)
• Braskem S.A.
• Eastman Chemical Company
• Koninklijke DSM N.V.
• Mondi PLC
• NatureWorks LLC (Cargill Incorporated)
• Novamont S.p.A
• Tetra Laval International SA
• TIPA Corp Ltd.
• WestRock Company.
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
• PLA
• TPS
• PHA
• Bio-PE
• Bio-PA
• Bio-PET
• Bio-PP
• Others
Breakup by Packaging Type:
• Flexible Plastic Packaging
• Rigid Plastic Packaging
Breakup by End User:
• Food
• Beverages
• Consumer Goods
• Pharmaceuticals
• Industrial Goods
• Others
Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Get Latest Market Research Reports by IMARC Group:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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